Free Trial

Discover Financial Services (DFS) Dividend Yield, Date & History

Discover Financial Services logo
$173.16 +3.89 (+2.30%)
(As of 12/20/2024 05:31 PM ET)

Discover Financial Services Dividend Summary

Dividend Yield
1.62%
Annual Dividend
$2.80
Recent
Dividend Payment
Dec. 5
Dividend Increase
Track Record
13 Years
Annualized 3-Year
Dividend Growth
15.33%
Dividend Payout Ratio
22.60%

Discover Financial Services (DFS) pays an annual dividend of $2.80 per share, with a dividend yield of 1.62%. The next quarterly payment of $0.70 per share was paid on Thursday, December 5, to investors who owned the stock before the ex-dividend date of Thursday, November 21. DFS has grown its dividend for 13 consecutive years, with an average annual increase of 4.87%. The company currently pays out 22.60% of its earnings and 24.59% of its cash flow as dividends.

Get Dividend Stock Ideas Daily

Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news.

Sign Up
Skip Charts & View Dividend History

DFS Dividend Payments by Quarter

The chart below displays up to four years of Discover Financial Services' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

DFS Dividend Yield Over Time

The chart below tracks Discover Financial Services' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Discover Financial Services vs. The Competition

Compare Discover Financial Services' annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeDiscover Financial ServicesFinance CompaniesNYSE Companies
Annual Dividend$2.80$0.02$1.39
Dividend Yield1.62%10.52%3.58%
Annualized 3-Year Dividend Growth15.33%12.89%15.78%
Track Record13 years17 years24 years

Discover Financial Services Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings22.60%
Based on This Year's Estimate20.85%
Based on Next Year's Estimate21.82%
Based on Cashflow24.59%

Discover Financial Services Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/16/2024quarterly$0.70 - 1.9%11/21/202411/21/202412/5/2024
7/17/2024quarterly$0.70 - 1.98%8/22/20248/22/20249/5/2024
4/17/2024Quarterly$0.70 - 2.25%5/22/20245/23/20246/6/2024
1/17/2024quarterly$0.70 - 2.57%2/21/20242/22/20243/7/2024
10/18/2023quarterly$0.70 - 3.05%11/21/202311/22/202312/7/2023
7/19/2023quarterly$0.70 - 2.3%8/23/20238/24/20239/7/2023
4/19/2023quarterly$0.70+$0.10
16.67%
2.65%5/24/20235/25/20236/8/2023
1/18/2023quarterly$0.60 - 2.47%2/22/20232/23/20233/9/2023

This table shows Discover Financial Services' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Discover Financial Services Dividend - Frequently Asked Questions

The current dividend yield for Discover Financial Services is 1.62%. Learn more on DFS's dividend yield history.

The annual dividend for DFS shares is $2.80. Learn more on DFS's annual dividend history.

Discover Financial Services pays quarterly dividends to shareholders.

Discover Financial Services's most recent quarterly dividend payment of $0.70 per share was made to shareholders on Thursday, December 5, 2024.

Discover Financial Services's most recent ex-dividend date was Thursday, November 21, 2024.

Over the past three years, the company's dividend has grown by an average of 15.33% per year.

Discover Financial Services has increased its dividend for the past 13 consecutive years.

The most recent change in the company's dividend was an increase of $0.10 on Wednesday, April 19, 2023.

The dividend payout ratio for DFS is:
  • 22.60% based on the trailing year of earnings
  • 20.85% based on this year's estimates
  • 21.82% based on next year's estimates
  • 24.59% based on cash flow

Discover Financial Services' dividend yield of 1.58% is lower than the average Finance company that issues a dividend. The company's 13 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Discover Financial Services' dividend payout ratio of 22.60% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Discover Financial Services stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:DFS) was last updated on 12/21/2024 by MarketBeat.com Staff
From Our Partners